In a plea agreement with federal prosecutors the bookkeeper for an Iowa credit union has admitted to embezzling nearly $2.5 million from her employer over 37 years, an act that forced the credit union into insolvency.

Linda Lee Clark, of Corydon, faces 30 years in prison, a $1 million fine and must pay restitution after pleading guilty Friday to embezzlement from the SCICAP (SEE-cap) Credit Union in Chariton.

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Prosecutors say the 68-year-old Clark admits she took customers' money and kept it secret by maintaining two sets of records.

Sentencing is Nov. 15.

The credit union was federally insured. Assets were transferred to an Ottumwa credit union.

SCICAP is an acronym for the South Central Iowa Community Action Program, a non-profit human services organization the credit union was founded to serve.